CSRC

China issues first penalties involving HK stock link

Shanghai - Arab Today

China’s securities regulator has handed down hefty fines for stock manipulation including what it said was the first case involving the landmark Shanghai-Hong Kong stock connect program. The China Securities Regulatory Commission (CSRC) said in a statement that it had fined Tang Hanbo and his family-operated group of stock traders more than 1.2 billion yuan ($173.9 million). They were accusedRead more

China fines trader $170 million, makes first stock link penalty

Shanghai - Arab Today

Chinese regulators handed down penalties in the country’s first market manipulation case involving the stock exchange connect programme between Shanghai and Hong Kong. Tang Hanbo was ordered to pay 250.7 million yuan ($36 million) for allegedly manipulating a Shanghai stock, Zhejiang China Commodities City Group Co., the China Securities Regulatory Commission (CSRC) said in a statement on Friday. Tang, separatelyRead more

Beijing to speed up approval of IPOs

Beijing - Arab Today

China’s top securities regulator has pledged to speed up approvals of initial public offerings (IPOs), as the government seeks to attract capital and boost domestic growth. Buoyed by the capital market’s recovery from a 2015 rout, the China Securities Regulatory Commission (CSRC) on Sunday indicated it would loosen its grip on the nation’s stock markets. The CSRC decides which companiesRead more

China blue chips post worst day in 2 months

Shanghai - Arab Today

China's blue chips posted their biggest single-day loss in two months on Monday after the securities regulator vowed to step up its campaign against speculation and hinted about loosening its grip on new share offerings. The blue-chip CSI300 index fell 0.8 percent to 3,446.22 points, its sharpest drop since December 23, while the Shanghai Composite Index also weakened 0.8 percentRead more

China pledges to speed up approval of stock listings

Beijing - Arab Today

China's top securities regulator has pledged to speed up approvals of initial public offerings (IPOs), as the government seeks to attract capital and boost domestic growth. Buoyed by the capital market's recovery from a 2015 rout, the China Securities Regulatory Commission (CSRC) on Sunday indicated it would loosen its grip on the nation's stock markets. The CSRC decides which companiesRead more

China securities regulator to focus on stability, reform

Beijing - Arab Today

China will focus on stable development of its capital markets this year, but will press ahead to further open its markets to foreign companies, the top securities regulator said on Sunday. “We will not waver from reforms (to make China’s capital markets) more market-based, law-based and international,” Liu Shiyu, chairman of the China Securities Regulatory Commission (CSRC), told a newsRead more

China approves 13 new IPOs

Beijing - Arab Today

China's securities regulator on Friday gave the nod to the IPO applications by 13 companies. The total capital raised will be no more than 9.1 billion yuan (about 1.36 billion U.S. dollars), the China Securities Regulatory Commission (CSRC) said in a statement. Among the 13 companies, six will be listed in Shanghai, one on Shenzhen's small and medium enterprise board,Read more

China approves seven new IPOs

Beijing - XINHUA

IPO applications by seven companies have passed review, according to China's securities watchdog. The total capital raised by the seven is expected to be no more than 8.8 billion yuan (135 million U.S. dollars), said China Securities Regulatory Commission (CSRC) in a statement. Of the companies, two will be listed on the Shanghai Stock Exchange, two on Shenzhen's small andRead more